United Kingdom

Property News Headlines

Abolish borrowing cap to meet housing targets - MPs

British MPs said on Monday that raising the borrowing cap on local authorities to boost the supply of new homes and a cut in the tax paid by first-time buyers would not "fix the broken housing market", as the government had pledged.

UK to introduce foreign owners' property register

Britain will introduce a public register that will compel foreign companies which own or buy property to disclose their ultimate owners in a bid to crack down on money-laundering, the business ministry said on Thursday.

UK house prices fall for first time in six months - Halifax

British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country's housing market since the 2016 Brexit vote.

UK building firms see growth slow in December - PMI

Growth in Britain's construction sector slowed last month for the first time since September, as weaker growth in house-building combined with a fall in commercial building and stagnating infrastructure work, a survey showed on Wednesday.